Tetra Tech Inc (TTEK)
Return on equity (ROE)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 333,382 | 273,420 | 263,125 | 232,810 | 173,859 |
| Total stockholders’ equity | US$ in thousands | 1,830,320 | 1,403,430 | 1,183,090 | 1,234,240 | 1,037,320 |
| ROE | 18.21% | 19.48% | 22.24% | 18.86% | 16.76% |
September 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $333,382K ÷ $1,830,320K
= 18.21%
Tetra Tech Inc's Return on Equity (ROE) has fluctuated over the past five years, with values of 18.21% in 2024, 19.48% in 2023, 22.24% in 2022, 18.86% in 2021, and 16.76% in 2020. The upward trend from 2018 to 2022 indicates the company's improved efficiency in generating profit from shareholder equity. The decline in ROE in 2023 and further decrease in 2024 suggest a potential decrease in profitability or efficiency in utilizing equity. It is important for Tetra Tech Inc to identify the drivers behind these fluctuations to enhance long-term financial performance and shareholder value.
Peer comparison
Sep 30, 2024